Roth Capital Equities Analysts Lift Earnings Estimates for HighPeak Energy, Inc. (NASDAQ:HPK)

HighPeak Energy, Inc. (NASDAQ:HPK) – Equities research analysts at Roth Capital boosted their Q1 2024 earnings per share (EPS) estimates for HighPeak Energy in a report issued on Monday, March 25th. Roth Capital analyst J. White now forecasts that the company will post earnings of $0.33 per share for the quarter, up from their prior forecast of $0.27. The consensus estimate for HighPeak Energy’s current full-year earnings is $1.45 per share. Roth Capital also issued estimates for HighPeak Energy’s Q2 2024 earnings at $0.36 EPS, Q3 2024 earnings at $0.48 EPS, Q4 2024 earnings at $0.58 EPS and FY2024 earnings at $1.75 EPS.

HighPeak Energy Stock Down 1.2 %

Shares of NASDAQ:HPK opened at $15.77 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average of $15.07 and a two-hundred day moving average of $15.45. The stock has a market cap of $2.03 billion, a P/E ratio of 9.98 and a beta of 0.64. HighPeak Energy has a 52-week low of $10.44 and a 52-week high of $25.05.

Hedge Funds Weigh In On HighPeak Energy

Several hedge funds have recently bought and sold shares of HPK. Citigroup Inc. increased its holdings in HighPeak Energy by 943.3% during the 2nd quarter. Citigroup Inc. now owns 3,182 shares of the company’s stock worth $35,000 after purchasing an additional 2,877 shares during the period. California State Teachers Retirement System increased its holdings in HighPeak Energy by 36.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,541 shares of the company’s stock worth $39,000 after purchasing an additional 944 shares during the period. Barclays PLC increased its holdings in HighPeak Energy by 555.9% during the 4th quarter. Barclays PLC now owns 1,876 shares of the company’s stock worth $42,000 after purchasing an additional 1,590 shares during the period. Shell Asset Management Co. purchased a new stake in HighPeak Energy during the 4th quarter worth about $54,000. Finally, Wells Fargo & Company MN increased its holdings in HighPeak Energy by 100.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,996 shares of the company’s stock worth $65,000 after purchasing an additional 3,005 shares during the period. Institutional investors and hedge funds own 24.13% of the company’s stock.

HighPeak Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 1st were paid a dividend of $0.04 per share. This is a positive change from HighPeak Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.16 annualized dividend and a yield of 1.01%. HighPeak Energy’s dividend payout ratio is presently 10.13%.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.